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Wednesday, August 12, 2009

Possession Insurance or Life Insurance?

Yes, you won't believe this but it's truth.

Few IT professionals working in Hinjewadi don't enjoy being taken for a ride by smartaXX builder in Pune!

Ride may be Xpress or Super fast, it doesn't matter much to them.

These IT professionals believe in going at their own pace.

They have formed their own housing group insignia_Pune.

However, at this point of time they are discussing less about their 56 flats and 12 Town houses projects on Sus Road.

At insignia_pune housing project the property rate for the flat is Rs. 2,250 per sq.ft. and for the Town House Rs. 2,350 per sq.ft.. The right property price in Pune real estate market!

At these rational real estate prices at insignia_Pune project, the budget of 2 bhk flat is Rs. 24.5 lakhs (approx.) and 3 BHK flat's 32.5 lakhs (approx.) inclusive of all costs!

However, at this point of time, these IT professionals are busy sharing information about Swine Flu than talking about housing. For example, have a look at this slide show:

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July 2009 - most popular posts on Ravi Karandeekar's Pune Real Estate Market News Blog

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  1. Reality is Insignia group has become stagnant now. All members just "express" support but no one is coming forward to convert this expression to real bookings. Nitin, the group owner, is finding it tough to find minimum 50 buyers to take forward initiative he had started couple of years back.
    Looking at his continued dedication even now really doubts his genuine intentions, isnt it?

  2. Ravi, Thanks for sharing the slideshow to larger audience.

    About dedication comments - I have nothing so say. Nitin